Drilling & Completions
Kulczyk Breaks Ground on Olgovskoye Well
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Kulczyk Oil Ventures Inc. has reported that the Olgovskoye-15 (O-15) well has commenced drilling.
The O-15 well is operated by KUB-Gas LLC, a partially-owned subsidiary in which KOV has a 70% effective ownership interest.
Olgovskoye-15 WellThe O-15 well, with a planned total measured depth (MD) of 3,200 metres, will be drilled as a directional well to evaluate the potential of the Bashkirian R30c and Serpukhovian S5 reservoir sands to further develop the gas production capability of the Olgovskoye Field. The well is expected to take approximately 70 days to reach its planned MD.
Olgovskoye LicenceThe Olgovskoye Production Licence is located approximately 160 kilometres to the northwest of the City of Lugansk in northeastern Ukraine.
Since KOV acquired its ownership interest in KUB-Gas…
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